Happy Friday! I have not had time to document my daily trade as my new job demanded a great deal of my time. But I wanted to illustrate a specific trade and its volatility, which is a mean reverting process. Here is an existing short position I have on SPY. I placed this trade a few days ago to counter my long positions so that I'm slightly short delta in my overall position as beta weighted against the SPY. As shown below, even though SPY went up by +0.26 or +0.12%, my short SPY gained about 10% in premium profit. This is because volatility continues to drop as shown in the red arrow below. Typically, in this scenario I'll close my trade for a quick profit and wait for volatility to pop again or other opportunity to arise. Keep in mind that small profits will add up to big fat profit over time. If you make enough trades, you can continue to call your broker to lower your trading fees. But this specific trade, as noted, is used to counter my overall position. Volatility used to scare the heck out of me and would cause me to close losing positions at the wrong time when I first started to learn about option trading. Happy trading....